EQT leads race for Ottobock stake

May 24, 2017

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Devices and Supplies | Duderstadt, Germany | PE Growth

EQT Partners has emerged as the frontrunner to acquire a 20% stake in prosthetics maker Ottobock, per Reuters, with competition from CVC Capital Partners. The company announced earlier this year that it would sell a fifth of its shares to private investors in advance of an IPO planned for 2019. Ottobock generated sales of €870 million in 2016, a 5% increase YoY.